A Pinnacle @ Duxton HDB Just Sold For A Record $1.72M — Beating A Higher-Floor Unit From Just 2 Weeks Earlier

After a unit at The Pinnacle @ Duxton was sold for $1.701 million earlier this month, a transaction which had set a record price for a resale HDB flat in the Central Area, many people must have assumed that the crown would rest on that record-breaking unit for more than a handful of weeks.

But it turns out that we underestimated the tenacity of HDB resale buyers, and a new million-dollar transaction at The Pinnacle @ Duxton has already snatched the crown away. This week, a five-room flat at Block 1C Cantonment Road changed hands for $1.72 million.

The sales price of the 1,152 sq ft unit, situated between the 19th and 21st floors, translates to $1,493 psf. The absolute price clears the previous record by $19,000.

The runner-up is now the unit at the neighbouring Block 1B Cantonment Road which fetched $1.701 million ($1,477 psf) when it was sold earlier this month. That unit sits between the 28th and 30th floors. In other words, two separate blocks at The Pinnacle @ Duxton went head-to-head within this two week window, and the lower-floor unit came out on top.

What Makes The $1.72 Million Transaction Stand Out

The most striking detail about the $1.72 million sale is the floor of the unit. The record-setting flat sits between the 19th and 21st floors of a 50-storey residential tower, and we can reasonably categorise it as a lower-middle tier unit.

Yet it has been able to produce the highest registered price ever recorded for a five-room flat in the Central Area.

If we go further back through the Central Area's all-time top five most expensive resale transactions, those sales involved units that ranged from the 34th to the 51st floors. This means that the new record undercuts each of them when it comes to how high it is, while fetching a much higher price.

Both the new record holder at Block 1C and the Block 1B runner-up share the same flat size: 1,152 sq ft. The remaining lease is nearly identical too, at about 83 years.

This reiterates that the unit floor and remaining lease are not the differentiating factors here. However, the data strongly suggests that buyer conviction about The Pinnacle @ Duxton's intrinsic value, rather than just floor-level attributes, appears to be driving prices upward across the board.

When we look at the in-block transaction history at Block 1C, the price trajectory is consistent and steep. In October 2023, a 1,141 sq ft unit on the 43rd to 45th floors fetched $1.438 million, and by April 2024, a similarly sized 1,152 sq ft unit on the 37th to 39th floors sold for $1.425 million.

Likewise, a 1,141 sq ft unit on the same 37th to 39th floor achieved a price of $1.515 million when it was sold in May 2024. Then in July 2026, a 1,152 sq ft unit between the 16th and 18th floors closed at $1.510 million.

That last transaction is particularly relevant, since it shows that a 16th-to-18th-floor unit in the same block fetched $1.51 million just two months before the current record-holder achieved its eye-watering $1.72 million price.

That is a $210,000 price jump within that block, and over just a two-month window. Not to mention the fact that it is a unit only a few floors higher.

Other Top Sales in Block 1C Cantonment Road

Block	Street	Month	Storey	Size (sq ft)	Price
1C	CANTONMENT RD	2026-07	16 TO 18	1,152	$1,510,000
1C	CANTONMENT RD	2025-05	28 TO 30	1,130	$1,530,000
1C	CANTONMENT RD	2024-05	37 TO 39	1,141	$1,515,000
1C	CANTONMENT RD	2024-04	37 TO 39	1,152	$1,425,000
1C	CANTONMENT RD	2023-10	43 TO 45	1,141	$1,438,888

Broadly speaking, a few things stand out when we examine the transaction history of Block 1C. First, older transactions involving higher floor units - such as the 43rd-to-45th-floor unit in October 2023 - actually fetched a lower price compared to recent mid-floor sales.

Second, the price ceiling within Block 1C has risen by more than $280,000 from October 2023 to today. And lastly, no floor band within the block has proved to be a reliable ceiling for prices: units across the 16th-to-45th-floor range have all commanded high prices which are now all being pushed upward together.

To put the new record in its wider context, here are the five highest five-room resale transactions ever recorded in the Central Area.

Top 5 Highest Five-Room Resale Transactions in the Central Area

Block	Street	Month	Storey	Size (sq ft)	Price
1B	CANTONMENT RD	2026-09	28 TO 30	1,152	$1,701,000
1B	CANTONMENT RD	2026-05	43 TO 45	1,130	$1,630,000
1G	CANTONMENT RD	2025-08	49 TO 51	1,130	$1,600,000
1A	CANTONMENT RD	2025-09	40 TO 42	1,152	$1,590,000
1D	CANTONMENT RD	2025-06	34 TO 36	1,130	$1,580,000

As a whole, we can see that each of the top five registered five-room resales in the Central Area has come from a block at The Pinnacle @ Duxton. There is no other submarket in the Central Area that has come close to this price level for this flat type.

That said, the new record at Block 1C is notable for arriving from a different block than the previous top five, which were spread across Blocks 1A, 1B, 1D, and 1G.

It is also worth noting the floor compression across these transactions. Prices range from $1.58 million to $1.701 million, spanning units from the 34th all the way up to the 51st floor. That spread has produced a price range of only $121,000.

The new record-setting unit at the 19th to 21st floors sits well below the previous floor band that recorded most of the top sales.

Most Recent Five-Room Resale Transactions in the Central Area

Block	Street	Month	Storey	Size (sq ft)	Price
1B	CANTONMENT RD	2026-09	28 TO 30	1,152	$1,701,000
672A	KLANG LANE	2026-09	01 TO 03	1,130	$800,000
642	ROWELL RD	2026-08	22 TO 24	1,496	$1,150,000
634	VEERASAMY RD	2026-08	25 TO 27	1,399	$1,120,000
671B	KLANG LANE	2026-08	13 TO 15	1,130	$787,000

We’ve also compiled the most recent resale transactions to illustrate just how bifurcated the five-room resale market in the Central Area has started to become. The $1.701 million unit at Block 1B Cantonment Road and the Klang Lane unit that changed hands for $800,000, are generally speaking the same flat type, in the same planning area, and sold in the same month. Yet, we see a price gap of $901,000 between the two transactions.

The resale flats on Rowell Road and Veerasamy Road, while sizable, also closed at $1.15 million and $1.12 million, respectively, in August 2026. These are older flats with considerably shorter remaining leases, which anchors buyer expectations to a lower price level.

Over the past 12 months, the median resale price for five-room flats across the Central Area was $1.473 million, based on 32 transactions. Prices ranged from $780,000 to the new record of $1.72 million.

Thus, the latest price high of $1.72 million sits $247,000 above that median - which, given the scarcity of supply at The Pinnacle @ Duxton, is not a surprise.

Why Are We Seeing So Many Million-Dollar HDB Resales Lately?

Of course, the specific attributes at The Pinnacle @ Duxton help to explain why the development continues to appeal to resale buyers, and we have covered these aspects in previous articles about units sold there.

In short, the relative scarcity of five-room units in that development has broadly helped to support price growth over the years. Across all seven residential towers at The Pinnacle @ Duxton, five-room flats are the minority flat type within the development.

We’ve also seen that fewer five-room flats entering the resale market at any given time concentrates buyer demand onto a smaller supply pool, which gives sellers considerable leverage at the negotiating table.

The slew of record-setting transactions at The Pinnacle @ Duxton also tells us about how buyers are pricing the development as a whole, rather than individual floors within it. The compression of prices across a wide floor range, which we have observed across multiple articles covering The Pinnacle @ Duxton, appears to have intensified. 

A 19th-to-21st-floor unit achieving $1.72 million, while a 28th-to-30th-floor unit in an adjacent block achieves $1.701 million in the same month, suggests to us that buyers are assigning a development-level premium rather than a floor-level one.

All of these million-dollar transactions that we have reported on over the past few weeks come in the wake of the lifting of the 15-month wait out period for private homeowners buying a resale five-room flat or larger. We wrote about the possibility of more record-breaking sales in the resale public housing market in this article.

Also read about a survey of million-dollar HDB buyers, as well as aspiring homeowners looking to buy a million-dollar flat, in this report by PropNex Realty in July.

Turning back to The Pinnacle @ Duxton, the all-time top five registered five-room prices have all been set within the past 15 months, and each new transaction appears to be setting a fresh reference point for the next seller. Moreover, the 32 five-room transactions recorded across the Central Area in the past 12 months represent a thin and tightly concentrated resale market.

As long as motivated buyers are willing to pay a significant premium for the combination of lease length, a prime address, and the development's standing in the public housing landscape, the price floor at The Pinnacles is unlikely to soften soon.